Love ‘can be costly’

Despite worsening debt management problems for millions across the country, the typical amount spent by Britons on their partner is £62 per month, a recent poll of 2,000 adults discovered.

The study also found that men tend to be more generous towards their wives or girlfriends than women are in return, with the average British male spending £20 more each month on their partner than their female counterparts.

Sean Gardner, MoneyExpert’s chief executive, commented: “Consumer debt levels are at an all time high and while few of us are likely to rack up a debt based solely on present giving it’s worth considering whether it’s really necessary to buy expensive gifts when a small gesture can go a long way.”

Excluding mortgage arrears, the average household debt management burden in the UK is more than £8,800, according to figures from Credit Action.